Easy access to the M6 and the West Coast Mainline provide direct connections to major cities including London, Birmingham, Glasgow and Edinburgh. Liverpool, Manchester and Leeds are easily accessible with connections by the regional services. Manchester International Airport and Liverpool John Lennon Airport are 70 minutes away. The development is in Galgate, Lancaster LA2 0PR and very close to the Lancaster University campus. The university’s sport centre and local eateries and pubs are just a 10 minute walk from the apartments. This cosmopolitan area attracts students from around the world.
The development will house 107 luxury studio apartments in the heart of Lancaster. This Victorian Mill is being refurbished to offer all modern amenities for students in the area. The property has rustic charm true to Lancaster’s industrial history and the apartments are reasonably priced and an ideal investment for those who want to buy and rent out. The development will have luxury amenities including a games room, cinema, gym and café. The emphasis is on offering affordable luxury living for students. This high demand market offers 8% NET yield assured for 5 years. Entry level is £85,000 and the apartments are larger than most student accommodation in the area. Each apartment is built to high specification with an optional full furniture pack on offer. All rooms have a heating system, air conditioning, Broadband and Wi-Fi.
The apartments are offered on 125 year leasehold and you can choose to take the offer of the leasing agents with a guaranteed yield of 8% or manage it yourself. The completion date of the project is expected to be September 2020.